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The income statement for company x shows cost of sales of $60,000, administrative expense of $30,000, rental expenses of $10,000, interest revenue of $20,000, interest
The income statement for company x shows cost of sales of $60,000, administrative expense of $30,000, rental expenses of $10,000, interest revenue of $20,000, interest expense of $15,000 and net income after taxes of $60,000. Assuming there are no other items to be considered and that the income tax is a 25% of net income before taxes, what is sales revenue?
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